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This paper attempts to determine the capital structure of KSE listed firms in Pakistan. The study finds that a capital structure exhibits unique attributes in different corporate environment, The study took 125 firms from all sectors listed at the Karachi Stock Exchange for the period 1998-2006 and analyzed the data by using pooled regression in a panel data analysis. Following the simple regression model it has chosen three independent variables i.e. firm size (measured by natural log of total assets), profitability (measured by net profit margin) and sales growth and further analyzed the effects on leverage. The results are not much satisfactory with respect to model but can give good interpretation that in Pakistani corporate environment leverage do not depend on the theoretical viable factors but there are some other factors to influence the leverage.

Dr. Syed Hassan Raza, Muhammad Zahoor, Noor Hussain. (2013) Financing Behavior of KSE Listed Companies , Journal of Managerial Sciences, Volume 7, Issue 1.
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